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3. Inspection. City shall inspect all of said work through an <br />inspector employed by City at the cost and expense of Developer, and <br />Developer shall pay City the cost of such inspection as fixed by <br />Ordinance. <br /> <br /> The City Engineer has tentatively fixed the inspection costs due <br />upon execution of this agreement as follows: <br /> <br />$68,000.00 <br /> <br /> 4. Plans. All of said work shall be done and materials furnished <br />in strict accordance with the approved plans for said improvements, <br />as shown on the attached Exhibit "A", and in accordance with the <br />standard specifications and details of the City of Pleasanton. It is <br />further understood that the work and materials shall be under the <br />supervision of the City Engineer, and performed and installed to his <br />satisfaction. <br /> <br /> 5. Related Contracts and ProceedingS. Any prior contracts between <br />City and Developer and any prior approvals by Boards, Commissions or <br />Council of City shall not be affected by the provisions of this agree- <br />ment unless specific modification is set forth herein. <br /> <br /> 6. Security. On signing this agreement, the Developer shall <br />present to the City and file with the City Clerk, improvement security <br />as defined in Section 66499 of the Government Code of the State of <br />California. Said improvement security as approved by the City Attorney, <br />shall consist of the following as determined by the City: <br /> <br />a. cash deposit made with the City, or <br /> <br />b. bonds by duly authorized corporate sureties-, or <br /> <br />instruments of credit from financial institutions <br />subject to regulation by State or Federal government, or <br /> <br />bonds of a duly authorized surety company covering all or <br />a portion of said improvements required herein where a <br />contract for improvements has been let through an <br />assessment district proceeding, and where said bonds <br />have been filed with the City Clerk prior to the execution <br />of this agreement, as a part of the existing improvement <br />district proceedings. <br /> <br /> One bond shall be in the amount of 100% of the total estimated cost <br />of the work for each stage of development, conditioned upon faithful <br />performance of this agreement, and one bond in the amount of 100% of the <br />total estimated cost of the work for each stage of development shall <br />secure payment for labor and materials. <br /> <br /> Cash or instruments of credit shall be in an amount not less than <br />100% of the total estimated cost of imorovements which is as follows: <br /> <br />$1,700,000.00 <br /> <br />-2- <br /> <br /> <br />